DukeNet, based in Charlotte, adds 8,700 miles of fiber-optic cable in the six Southeastern states to the 21,000 miles Time Warner already has in the Carolinas.

DukeNet had been wholly owned by Duke until 2010, when it sold a 50% share to Alinda Capital Partners.

That was a move to raise capital and prepare DukeNet for sale. Duke had developed the company as a possible adjunct service for its electric utility but eventually didn’t see it fitting in with long-term plans.

Time Warner will use the added capacity for businesses that need services such as voice, high-speed Internet and cloud-enabled hosting.

John Downey covers the energy industry and public companies for the Charlotte Business Journal.

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